The various distribution channels in the Egyptian non-life insurance market

The competitive landscape in the non-life insurance market in Egypt

A description of the non-life reinsurance market in Egypt

The Egyptian non-life insurance segment was largely influenced by increases in GDP, automobile sales and the commercial construction industry. Motor insurance accounted for the largest market share of the Egyptian non-life insurance segment during the review period, in terms of gross written premium, followed by property insurance in 2011. Motor insurance is expected to lead the Egyptian non-life insurance segment over the forecast period. The rise in the number of road accidents increased consumer awareness of motor hull and motor third-party liability insurance.Get your copy of this report @ http://www.reportsnreports.com/reports/190945-non-life-insurance-in-egypt-key-trends-and-opportunities-to-2016.html

ScopeThis report provides a comprehensive analysis of the non-life insurance market in Egypt:

It provides historical values for the Egyptian non-life insurance market for the report’s 2007–2011 review period and forecast figures for the 2012–2016 forecast period

It offers a detailed analysis of the key sub-segments in the Egyptian non-life insurance market, along with market forecasts until 2016

It covers an exhaustive list of parameters, including written premium, incurred loss, loss ratio, commissions and expenses, combined ratio, frauds and crimes, total assets, total investment income and retentions

It analyses the various distribution channels for non-life insurance products in Egypt

Using Porter’s industry-standard “Five Forces” analysis, it details the competitive landscape in Egypt for the non-life insurance business

It provides a detailed analysis of the reinsurance market in Egypt and its growth prospects

It profiles the top non-life insurance companies in Egypt and outlines the key regulations affecting them

Key highlights

The growth in Egyptian GDP, which is expected to increase further over the forecast period in the presence of liberalization, is expected to drive the growth of the non-life insurance segment.

The rise in number of road accidents is expected to encourage growth of the Egyptian non-life insurance segment over the forecast period. The large share of motor insurance is expected to play a major role in the growth of the Egyptian non-life insurance segment over the forecast period.

Growth in the middle class population, which constituted 31% of the overall population in 2011, and increased risk awareness among consumers regarding the benefits of non-life insurance, are factors expected to drive growth in the segment over the forecast period, as well as the presence of mandatory motor third-party liability insurance.

Flexibility in regulations, an insurance industry with low penetration and the implementation of privatization and liberalization policies encouraged foreign insurance brokers and agencies to enter the industry during the review period, resulting in an overall increase in the number of brokers and insurance agents.

Out of all of the distribution channels, insurance brokers are expected to continue their dominance of the Egyptian non-life insurance segment over the forecast period.

The Egyptian non-life insurance segment comprises both domestic and foreign insurers. As of 2010, there were 20 non-life insurance companies authorized to pursue non-life insurance business in Egypt under the supervision of EFSA.

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